Google for Startups, a Google initiative giving access to equity-free funding to Black-founded startups in Africa, will be expanding its support for the $4 million Black Founders Fund program with an additional $1 million in funding.
Launched in 2021, as part of Google's commitment to working toward a more equitable future, the Black Founders Fund in Africa program claims to have supported 50 black-founded businesses in Africa.
The program also boasts successes in barely six months with companies in the cohort raising over $73 million in follow-on funding, while three of the startups were selected for Y Combinators Accelerator 2022 Winter Batch.
Google has selected the CcHUB as its fund disbursement partner for the second time which will provide insight and technical support from the selection process through to the final deployment of the capital, as well as monitor and evaluate the performance of the companies that benefit from the funding.
Startups based in Botswana, Cameroun, Côte D'Ivoire, Ethiopia, Ghana, Kenya, Mozambique, Nigeria, Rwanda, South Africa, Tanzania, Uganda, and Zimbabwe, have until May 31, 2022, to apply to the second Black Founders Fund program.